Politics and Robots

Shasha Liu, Yuhuan Wu and Gaowen Kong

International Review of Financial Analysis, 2024, vol. 91, issue C

Abstract: We present empirical evidence at the firm-level regarding the influence of political advancement on robotic adoption. Our analysis indicates that the imperative of political elevation considerably augments the propensity of local enterprises to embrace robotic technologies. The robustness of our conclusions remains consistent across varied estimation specifications. Moreover, the implications are particularly accentuated for enterprises situated in regions characterized by heightened political pressures and diminished labor-induced constraints, as well as for firms poised to derive substantial advantages from robotic assimilation. In aggregate, our research elucidates the underlying motivations for robotic adoption within the context of local political intervention.

Keywords: Political promotion; Robots; Investment; Local politicians (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:91:y:2024:i:c:s1057521923005550

DOI: 10.1016/j.irfa.2023.103039

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